|  |  |  |
| --- | --- | --- |
|   | (F) | Lessee will allow Lessor to make reasonable periodic inspections of the Aircraft and its Engines, Propellers, Parts and Technical Records, including visual and physical inspections
and testing utilizing such methods and non-destructive technologies as Lessor, in its sole discretion, deems proper and necessary.  |

  




|  |  |  |
| --- | --- | --- |
|   | (G) | Lessee will make reports in such form (consistent with standard industry practice) and at such times as Lessor may reasonably require with regard to the Aircraft, including, but not
limited to, the use, operation, location and condition of the Aircraft.  |

  




|  |  |
| --- | --- |
| 6.2 | Lessee understands and agrees that it will not acquire any right of beneficial ownership or equity in the Aircraft by reason of the payment of any rentals hereunder or by virtue of
any other reason or legal theory. Lessee shall not have the right to register the Aircraft in Lessee’s name with the FAA or any other governing authority, unless Lessor specifically agrees in writing.  |

  




|  |  |
| --- | --- |
| 6.3 | Lessee acknowledges that Lessor is the owner of the Aircraft and that Lessee holds the Aircraft under lease from Lessor. Lessee covenants that it will, for income tax purposes,
treat the transactions contemplated hereby as a true lease and will not take any position on its tax returns or in any other document or instrument relating thereto that is inconsistent therewith other than, if required by generally accepted
accounting principles, its financial statements.  |

 ARTICLE 7: MAINTENANCE AND RECORDS